Deadhead Retirement, Medical in the News

Bill would allow higher ed to leave state retirement system

By Marsha Shuler| mshuler@theadvocate.com

State Sen. Robert Adley filed the legislation for lawmakers to consider when the Legislature convenes April 13. Senate Bill 18 would give Louisiana higher education boards permission to pay off the long-term liabilities associated with their employees and then exit the system.

Colleges and universities are having to come up with more and more money each year to pay their portion of the retirement system’s nearly $12 billion unfunded accrued liability. Known as the UAL, the term refers to how much money would be necessary in the future to pay off the retirement promises made to teachers and other public school employees. The payments are increasing annually as the state is trying to catch up on the old liabilities created when governors and legislators granted pension benefits without setting aside the money to pay for them.

With Group Benefits premiums set to rise, enrollment reopening for “state workers” to choose less expensive options

By Marsha Shuler | mshuler@theadvocate.com

Group Benefits reopened enrollment for 89 percent of its 230,000 members to give them the opportunity to choose less-expensive insurance options other than the two most popular, though pricier, plans they had joined.

“Last fall, we announced that premiums would increase this July to compensate for increasing health care costs,” Group Benefits Chief Executive Officer Susan West said. “However, we know that circumstances change, and as we get closer to the date of the increase, we want to make sure members who will be significantly impacted have the chance to re-evaluate their decision and, if necessary, move to a plan that better suits their finances.”

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11 Responses to “Deadhead Retirement, Medical in the News”

  1. Oldman Says:

    Louisiana,the “deadbeat” capital of the world. With the price of oil dropping louisiana just might turn into the “deadbeat bum” capital. What would happen if the money is not there to pay these “bums”? I bet these “deadbeat bums” would be crying”but I worked so hard for this money” They just might have to live like the rest of us,no new cars every four years,no fancy vacations,not eating out,fancy homes,they would have to live like everybody else. Makes tears come to my eyes,I feel so sorry for them,don’t you?

  2. Anonymous Says:

    You people are really something. The way you all talk about people who work hard to make this a better place is almost sinful.

    And we’ve never once heard anything from you all about the real fat-cat welfare queens around here. When will we read a story about the Duck family in Monroe who takes more government hand-outs in one year than most of these teachers make their entire lives? Man up and practice what you preach.

    • Oldman Says:

      Fill me in on the “Duck” family,please.Welfare,food stamps,housing,utility payments and other Gov. Hand outs are nothing but vote buying. How do you think the democrat party gets elected? The Blacks cry out about past slavery,but are still enslaved to the Federal Government today.Welfare should be a hand up instead of a hand out. White people are no better,everybody has this give me attude,take it away from working people,white or black, and give it to me. Do away with Gov. assistance and this country would prosper like you wouldn’t believe. But then the Government would not have control of the people,the people would have control and we could go back to our Constitution the way it’s supposed to be. We have forgotten what a great country the United States of America once was.

      • Oldman Says:

        Another thing we have got to stop killing babies just because the mother doesn’t want it. It’s wrong the same as and is murder and should be dealt with the same as murder. If you don’t want a baby,keep your legs crossed until you do. People are having babies to get more money from the Gov.,not to love and care for them. Please stop this ,it’s very wrong.
        Have a good day
        Oldman

  3. ThrowMeSomethin' Says:

    1. everything costs money.
    2. everyone wants all they can get, and they want someone else to pay for it.
    3. politicians depend on Item 2, but they can’t long escape Item 1.

    • Oldman Says:

      .4 Government printing press are running wide open because of items,1,2,3. Our dollar is worth less than .10 cents on the dollar from what it once was. Is this progress? They took out the gold and silver backing the dollar because of items 1,2,3,4.

  4. Dan Burson Says:

    LOL YOU PEOPLE IN NORTH LOUISIANA STILL HAVE NOT CHANGED—STOP FEARING PROGRESS AND THINGS THAT ARE DIFFERENT–AVANCE ABOVE THE PLACE WHERE YOU ARE. LOL

    Date: Sat, 4 Apr 2015 10:32:58 +0000 To: dannymb52@hotmail.com

  5. Dan Burson Says:

    ADVANCE –SORRY TYPO LOL NOT PERFECT LIKE YOU HYPOCRITES LOL

    Date: Sat, 4 Apr 2015 10:32:58 +0000 To: dannymb52@hotmail.com

  6. ThrowMeSomthin' Says:

    Government definition of “Progress”
    Progress: a slow or often rapid advancement, usually toward a disasterous situation, as a cliff, bridge out; often under the guise of a false appearance of improvement of a given situation.
    “Progressive” : one who advocates and supports such advancement.

  7. Oldman Says:

    Other words ” obumaism”

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